Best micro investing apps in 2023

Compare the top micro investing apps around various factors such as minimum deposit, stock fee, and the number of available stock markets.

Interactive Brokers customers can use IBKR GlobalTrader, which is an easy-to-use mobile app.

What makes a good micro investing app?

Here are our top selection criteria for micro investing apps:

• Firstly, the availability of fractional shares and low minimum deposits are crucial. Fractional share service helps you add smaller amounts of money to your investment regularly, especially if the stock has a higher price. Minimum fractional share investing usually ranges between $1 and $10.
• The product spectrum is also a crucial criterion. We favored if the broker gave access to many stock markets.
• Lastly, the mobile app's interface should be easy to use. 

BrokerChooser evaluates 9 key areas for all brokers. Every year, we finetune our methodology based on our own and our users' experiences. We check more than 500 criteria for each broker. We have more than 100 brokers reviewed on our site and our analysts examine more than 40,000 data points overall.

A micro investing app allows the user to invest small amounts of money into financial instruments, mainly stocks and ETFs. 

Micro investing is for individuals who can save money periodically and plan to invest in the long-term rather than just short-term trading.

Also, micro investing apps are useful for people who do not have access to large sums of money to invest.

 If you don't know where to start investing, we recommend taking a look at our education articles.

• How to start investing?
• How to decide which shares to buy
• How to invest in ETFs?
• How to choose your ETF
• How to buy iShares ETFs?
• How to buy Vanguard ETFs?
• Are US ETFs only available for US residents?

Trading 212 is a global multi-asset broker. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA), the Cypriot Cyprus Securities and Exchange Commission (CySEC), and the Bulgarian Financial Supervision Commission (FSC).

eToro  is a well-known Israeli fintech company and a social trading broker, established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Being regulated by the top-tier FCA and ASIC is a good sign for eToro 's safety.

Interactive Brokers , one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

The broker has licenses from multiple top-tier regulators, a long track record and publicly disclosed financials while being listed on a stock exchange; these factors all point toward Interactive Brokers being a safe service provider.

Fidelity  is a US stockbroker founded in 1946. It is regulated by top-tier authorities including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Webull  is a US-based fintech startup offering zero-fee or discount brokerage services. Founded in 2017, the company is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) as well as the Hong Kong Securities and Futures Commission (SFC).

Webull  provides a maximum of $500,000 in investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation's (SIPC) protection scheme, which aqdds an extra layer of security.